Emera (TSE:EMA) Price Target Raised to C$63.00 at Royal Bank of Canada

Emera (TSE:EMA) had its target price raised by Royal Bank of Canada from C$60.00 to C$63.00 in a report published on Monday morning,BayStreet.CA reports.

EMA has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Wells Fargo & Company lifted their target price on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Finally, Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Stock Performance

TSE EMA opened at C$57.00 on Monday. Emera has a 52-week low of C$44.13 and a 52-week high of C$57.93. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The company has a market cap of C$16.71 billion, a P/E ratio of 22.09, a P/E/G ratio of 6.20 and a beta of 0.35. The stock’s fifty day moving average is C$54.50.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Friday, January 31st. Emera’s payout ratio is 112.40%.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.